Central Banking, Monetary Policy and the Political Economy of Dollarization
Produktdetaljer
Biografisk notat
Edited by Sylvio Antonio Kappes, Assistant Professor, Federal University of Alagoas, Brazil, Co-Editor, Review of Political Economy and Co-Director, Monetary Policy Institute and Andrés Arauz, Senior Research Fellow, Center for Economic and Policy Research, USA<i>‘The dollar is the key global currency. In a broad sense, the world is dollarized since most financial and trade transactions are denominated in that currency, and central banks and other agents hold their reserves in dollars. However, many countries have adopted the dollar as their currency. This book gathers a dream team of specialists on the cases of dollarization, both formal and informal, and similar processes like the adoption of the euro, around the globe. It is a must read, since the dominant role of the dollar and dollarization are not going to subside any time soon.’</i>
- Matías Vernengo, Bucknell University, USA,
<i>‘The international economy in recent years has been dominated by a process of de-globalization and an attempt to move away from an international monetary order dominated by the US dollar. In contrast, we see countries, such as Argentina, now politically embracing dollarization, while others adopting private denationalised cryptocurrencies. The Kappes-Arauz book offers crucial insights to various aspects of dollarization in the world today, from theory to historical/institutional analysis, thereby making this book essential reading for advanced researchers and policymakers alike.’</i>
- Mario Seccareccia, University of Ottawa, Canada,
Central Banking, Monetary Policy and the Political Economy of Dollarization analyzes important case studies from across continents including Africa, the Americas, Asia, and Europe. Through these findings, the book examines the political economy aspects of dollarization, critically assessing its potential outcomes. Contributors consider the role of central banks in dollarization, and provide a new perspective on the study of the phenomenon for a contemporary readership.
This book is beneficial to academics and students focusing on economic disciplines such as financial regulation, banking, political economy and post-Keynesian economics. Central bankers and those working in the financial press will also find it useful.